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Temasek’s portfolio rises to record S$275bil

SINGAPORE: Singapore state investor Temasek Holdings reported a nearly 14% jump in its portfolio value to a record S$275bil (US$199bil) last year, bolstered by gains in shares of Chinese banks and of its mainstay Singapore companies.

The gains in the portfolio for the year to March 31, 2017 compared with a 9% decline in its assets a year ago.

Temasek’s one-year total shareholder return was 13.4% in the latest year, versus a negative 9% for the prior year.

It benefited from last year’s rally in its key holdings such as China Construction Bank, DBS Group Holdings and Standard Chartered PLC as global equity markets performed strongly.

However, Temasek, which has  most of its investment in equities, is cautious on the outlook for markets, company executives said at its annual news conference on Tuesday. - Reuters
Read more at http://www.thestar.com.my/business/business-news/2017/07/11/temaseks-portfolio-rises-to-record-s$275bil/#8EkBTv0eLIkq632F.99

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